4 ms·

This is going to be interesting. If this guy wins, facebook is going to have a hell of a time surviving with uncertainty at the top.

by nkassis 16y ago

obsaysditto 16y ago
Do you think most users will care about this? They'll just want to know if they can still see what their friends are doing, who has posted new photos, etc.
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- jrockway 16y ago
  What if the new owner decides to "generate revenue" by selling your personal information to the highest bidder, and then turns the site off? Reselling the information is cheaper than keeping a bunch of programmers and sysadmins employed, after all.
  - joubert 16y ago
    class action lawsuit perhaps?
    - joezydeco 16y ago
      You plan to ask for a refund? Nobody asked or paid 500 million users to put their entire lives online.
    - jrockway 16y ago
      "But your honor, I didn't actually read the agreement I signed when I joined Facebook." Yeah, that sounds pretty good, but I would have a backup strategy just in case...
Timothee 16y ago
That is, if his claim has any truth to it and if he doesn't settle out of court, which might be likely to happen considering what is at stake. (cf. previous Facebook lawsuits) I'm definitely curious about how that kind of things are handled, where a previous contract appears out of nowhere, completely changing how later contracts and investments would have happened.
- lwhi 16y ago
  Could you add a clause in any (subsequent) contracts dealing with this possibility? If this contract is valid, Zuckerberg would have known about it ever since 2003. If his business associates knew about it, would they have dealt with the situation proactively? If he chose not to disclose the information, maybe he'll be seen as a danger to the future prosperity of the company?
- keltex 16y ago
  If the previous contract is deemed valid, then the later contracts are usually "breached" and they can sue for damages. This means that the first investors all the way until through the latest investors have contracts signed by Zuckerberg or company executives stating the beneficial ownership. And this ownership is no longer accurate.
  - startuprules 16y ago
    Nobody crosses the Russia Mafia....I mean investors.

This is going to be interesting. If this guy wins, facebook is going to have a hell of a time surviving with uncertainty at the top.

by nkassis 16y ago

This is going to be interesting. If this guy wins, facebook is going to have a hell of a time surviving with uncertainty at the top.

obsaysditto 16y ago

Do you think most users will care about this? They'll just want to know if they can still see what their friends are doing, who has posted new photos, etc.

deleted 16y ago
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deleted 16y ago
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jrockway 16y ago
What if the new owner decides to "generate revenue" by selling your personal information to the highest bidder, and then turns the site off? Reselling the information is cheaper than keeping a bunch of programmers and sysadmins employed, after all.
- joubert 16y ago
  class action lawsuit perhaps?
  - joezydeco 16y ago
    You plan to ask for a refund? Nobody asked or paid 500 million users to put their entire lives online.
  - jrockway 16y ago
    "But your honor, I didn't actually read the agreement I signed when I joined Facebook." Yeah, that sounds pretty good, but I would have a backup strategy just in case...

Timothee 16y ago

That is, if his claim has any truth to it and if he doesn't settle out of court, which might be likely to happen considering what is at stake. (cf. previous Facebook lawsuits) I'm definitely curious about how that kind of things are handled, where a previous contract appears out of nowhere, completely changing how later contracts and investments would have happened.

lwhi 16y ago
Could you add a clause in any (subsequent) contracts dealing with this possibility? If this contract is valid, Zuckerberg would have known about it ever since 2003. If his business associates knew about it, would they have dealt with the situation proactively? If he chose not to disclose the information, maybe he'll be seen as a danger to the future prosperity of the company?
keltex 16y ago
If the previous contract is deemed valid, then the later contracts are usually "breached" and they can sue for damages. This means that the first investors all the way until through the latest investors have contracts signed by Zuckerberg or company executives stating the beneficial ownership. And this ownership is no longer accurate.
- startuprules 16y ago
  Nobody crosses the Russia Mafia....I mean investors.